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Where I should invest in Bangalore flats Vs houses

Most homebuyers give great importance to the location and the type of interiors while selecting their homes. A better location promises a better appreciation of property investment. When it comes to property types, metro cities have few options for buyers, as high real estate prices force people to look for projects within their budget. While apartments in Bangalore are cheaper than independent homes in Bangalore. Such as villas or independent floors, each type of property has certain advantages that a home buyer has.<br>https://www.honestbroker.in/flats-for-sale-in-bangalore

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Where I should invest in Bangalore flats Vs houses

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  1. Where I should invest in Bangalore flats Vs houses A better location promises a better appreciation of property investment. When it comes to property types, metro cities have few options for buyers, as high real estate prices force people to look for projects within their budget While apartments in Bangalore are cheaper than independent homes in Bangalore

  2. Flats General Features Apartments in Bangalore have fast become the most supplied property type in the cities of India. Their popularity is credited to but not limited to immediate looks, modern amenities, and better security. If you are buying a property for end-use, apartments can prove to be the best option unless you want the freedom to design your own home. Since these units are readily available, you have a lot of options to choose from, depending on your budget, location, and other preferences.

  3. Scope of Earning/Income opportunities If you donotplantotake overthe flat immediately,you cankeepitonrent and withdrawthe EMI burden,if you have taken a home loan. The other benefitsof investing in an apartmentover a plotor house isits high resale value and wide buyer base Although,the rate of appreciationof an apartmentor flatmay be lowerthanthatof a plot. Thisis basicallythe price of the land that appreciates.

  4. Tax implications Whenyoutake a home loanto buy an apartment,you are entitled to certain tax benefits. If the propertyis forself-use,you are entitled to a tax deduction of upto Rs2lakh per financialyearonthe interest amount. In addition, a deductionof Rs1lakh is applicable onthe principal amountpaid. 04–15

  5. House/Villa Independent homes in Bangalore or villas in Bangalore are preferred by those who want the privacy of an independent unit but also want to avoid the hassle of building a home. A major drawback for these units is the lack of security and backup of electricity and water, usually offered by society's campuses. 06–15

  6. Scope of earning/income opportunities The monthlyrent forsuch unitsisusually higherthan for apartments. However, due tothe associated high price tag,itis difficultto find tenants. Whenit comestoindependent homesin Bangalore orvillas,the capital appreciation maynot be as high as a plotof land or an apartment. Thisisverylarge because of the high initial capitalinvolved and limited demand compared to apartments.

  7. TAX IMPLICATIONS The taximplications are the same as for apartments.

  8. Flat vs. House: Conveniences V/s If you are buying an apartmentin Bangalore in a housing society,youmay get accessto allmodern amenitiesincluding security,surveillance,parking space,power back-up, fire protectionmechanism, etc. but allthese facilities are almost an additionalone. come at a cost.20%-25%of the costof the property.There are such facilitiesthat are not available and additional effortmay be required tosetupthese services forindependent homesin Bangalore,. Having the bestof both worlds,such plotted options are a greatoption.

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